During the economic downturn in September and October 2008, most investors lost a lot of money due to a massive banking crisis that caused the stock market to collapse. The crash has become a nightmare for those who have the most money in the stock market. In many cases, people have lost everything, not only in the stock market, but in most other investments as well.
In 2012, financial investigator Robert Cancello published a book that challenged what most investors would say, “no.” “Bad idea”, “will not work.” Alternative investing: Making money outside of the stock market introduces a revolutionary idea that investing is better than traditional investments like the “collectible” stock market. Collectibles have no financial relationship with the stock market, but they have the financial power to make money.
Cancelaro investigates seven collectibles that have historically increased in value. The following categories are known as real assets – the items you can and must keep are autographs, stamps, precious metals and coins, comic books, sports cards and investment-grade wines. Why did the author choose this “misfit” collectible as an investment? A: They have consistently surpassed the S&P 500 by a large margin.
All seven categories include their own list of specific items that have steadily increased in value over their lifetime and have kept a steady appeal to those who have purchased them. However, before you buy anything, it is important to learn as much as possible about collectibles. The Internet has endless resources; The most important ones are included in Cancello’s book. In addition to the Internet, you can visit and search libraries or bookstores to find general information and price guide books.
The keys that drive the values of the collectibles are based on reality. In other words, it can be touched, making their low supply and high demand a part of the law. As such, it is difficult to find items on Cancello’s list but they are popular and many people want them, which increases their value. For some collectibles, their condition is crucial; The better the condition, the more valuable it can be. Cancello’s list items are expensive. You may have to pay a lot more if you want the item, but its value will probably increase over time. After all, time is your most important ally because the longer you keep it, the more value you will add to your collectibility. So it’s important to keep your collection safe from the ingredients and stay in the same condition you bought it from.
Autographs, stamps, precious metals and coins, comic books, sports cards and investment-grade wine can be part of your investment strategy. You should not always trust the stock market; It can go up as low as it can, where collectivity values are more stable. Information must be obtained in order to purchase reliable collectible items that maintain their value. This is not a wise and cunning move now, it will save you financially from the next stock market crash or the global financial crisis. Also, Cancello lists specific recommendations on what to buy in seven sections. The next time the economy sinks, don’t waste your money in the stock market. So, choose carefully, buy and keep an alternative investment.